latest news releases from the newsroom
Northrop Grumman Corp.
Northrop Grumman Awarded $95.8 Million U.S. Navy Contract for Detail Design of DDG 1000
PASCAGOULA, Miss., Aug. 31, 2006 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) has been awarded a $95.8 million contract for the detail design of the U.S. Navy's 21st century DDG 1000 destroyer. The contract, to be performed by the company's Ship Systems sector, includes the detail design and the procurement of any vendor-furnished information that will be used in support of the design. The contract runs through September 2007; when fully funded, the contract will total more than $300 million through 2013.
Squitieri & Fearon, LLP
Squitieri & Fearon, LLP Announces the Denial of Summary Judgment of Breach of Fiduciary Duty Claims Against Investment Managers at Campbell Cowperthwaite Division of U.S. Trust
NEW YORK, Aug. 31, 2006 (PRIMEZONE) -- Investors in a class action on behalf of all persons for whom Campbell Cowperthwaite, through its Large Cap Growth management team, managed plaintiff's and class members' assets through Prudential Securities Managed Assets Consulting Services ("MACS") program from January 29, 2000 through September 30, 2001, won a significant victory on August 22, 2006 when Justice Richard B. Lowe III of the Supreme Court of the State of New York, New York County denied U.S. Trust's motion for summary judgment.